What is Blackstone Mortgage Trust Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Blackstone Mortgage Trust's annualizedNet Income for the quarter that ended in Mar. 2024 was $-495.4 Mil. Blackstone Mortgage Trust's average total tangible assets for the quarter that ended in Mar. 2024 was $23,651.0 Mil. Therefore, Blackstone Mortgage Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -2.09%.
The historical rank and industry rank for Blackstone Mortgage Trust's Return-on-Tangible-Asset or its related term are showing as below:
BXMT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.02 Med: 2.2 Max: 2.82
Current: 0.02
During the past 13 years, Blackstone Mortgage Trust's highest Return-on-Tangible-Asset was 2.82%. The lowest was 0.02%. And the median was 2.20%.
BXMT's Return-on-Tangible-Asset is ranked worse than 69.85% of 806
companies
in the REITs industry
Industry Median: 2.17
vs BXMT: 0.02
Blackstone Mortgage Trust Return-on-Tangible-Asset Historical Data
The historical data trend for Blackstone Mortgage Trust's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Blackstone Mortgage Trust's Return-on-Tangible-Asset
For the REIT - Mortgage subindustry, Blackstone Mortgage Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Blackstone Mortgage Trust's Return-on-Tangible-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blackstone Mortgage Trust's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Blackstone Mortgage Trust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Blackstone Mortgage Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackstone Mortgage Trust (Blackstone Mortgage Trust) Business Description
Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.
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